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Reply to 11:51

I get what you are trying to say in regards to "their money" but as mentioned numerous times in numerous post relating to the same argument...drum roll......"all insurance companies lose money on insurance"....take that concept in a little.
Insurers mainly stay afloat but alternative business like wealth management that has nothing to do with insurance and is not paid for by insurance its simply investments, these schemes prop up major insurers and generally always have.
Yet you suggested the £8K saved in your hypothetical dramatic example would be deemed a profit.
Insurers will always make early offers for settlement even on what they deem to be large loss claims its a widely known standard practice so unsure why people suggesting its somehow cloak and dagger

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